Somewhat Favorable Press Coverage Somewhat Unlikely to Affect The First of Long Island Corporation (FLIC) Stock Price
Media headlines about The First of Long Island Corporation (NASDAQ:FLIC) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. The First of Long Island Corporation earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the bank an impact score of 45.4022969163663 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
The First of Long Island Corporation (FLIC) traded up $0.05 during trading hours on Friday, reaching $28.10. 20,300 shares of the company’s stock were exchanged, compared to its average volume of 58,601. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.25. The stock has a market cap of $690.90, a PE ratio of 19.48 and a beta of 0.81. The First of Long Island Corporation has a one year low of $24.17 and a one year high of $33.50.
The First of Long Island Corporation (NASDAQ:FLIC) last posted its quarterly earnings data on Monday, October 30th. The bank reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. The company had revenue of $26.87 million during the quarter, compared to analysts’ expectations of $27.05 million. The First of Long Island Corporation had a net margin of 28.36% and a return on equity of 11.02%. analysts predict that The First of Long Island Corporation will post 1.5 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Wednesday, October 11th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Tuesday, October 10th. This is a positive change from The First of Long Island Corporation’s previous quarterly dividend of $0.14. The First of Long Island Corporation’s dividend payout ratio is 41.67%.
A number of equities analysts have weighed in on FLIC shares. ValuEngine raised shares of The First of Long Island Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of The First of Long Island Corporation from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Thursday, September 28th. Finally, BidaskClub cut shares of The First of Long Island Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th.
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In other news, Director Milbrey Rennie Taylor sold 2,079 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $30.11, for a total value of $62,598.69. Following the sale, the director now owns 20,001 shares in the company, valued at approximately $602,230.11. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael N. Vittorio sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $26.80, for a total transaction of $80,400.00. Following the completion of the sale, the insider now owns 99,006 shares in the company, valued at approximately $2,653,360.80. The disclosure for this sale can be found here. Corporate insiders own 4.83% of the company’s stock.
The First of Long Island Corporation Company Profile
The First of Long Island Corporation is a one-bank holding company. The Company provides financial services through its subsidiary, The First National Bank of Long Island (the Bank). Its services include account reconciliation services, bank by mail, personal money orders, bill payment, remote deposit, cash management services, safe deposit boxes, collection services securities transactions, controlled disbursement accounts, signature guarantee services, drive-through banking, merchant credit card services, and investment management and trust services.
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